"It is with profound regret that we must report that ITT Educational Services, Inc. will discontinue academic operations at all of its ITT Technical Institutes permanently after approximately 50 years of continuous service. With what we believe is a complete disregard by the U.S. Department of Education for due process to the company, hundreds of thousands of current students and alumni and more than 8,000 employees will be negatively affected."

ITT is currently under investigation by multiple agencies, including the Securities Exchange Commission, over its recruiting and job placement claims.

There are three ITT Tech locations in Alabama- one in Madison, one in Mobile, and one in Bessemer. Together, the schools serve about 1,600 students.

ITT Educational Services, Inc. claimed that the Department of Education's action of stopping enrollment for students who depend on federal loans was "inappropriate and unconstitutional."

No one at any of the Alabama ITT Tech locations was available for comment.